(Representative image) NEW DELHI: The Economic Offence Wing registered an FIR against the directors and managing director of Delhi-based ABW Infrastructure on Tuesday.

The case has been registered against managing director Atul Bansal and directors Ved Prakash Saxena and Ravi Shanker for delaying the residential project “Verona Hills” situated in Sector 76, Gurugram for over two years.

The project Verona Hills was launched by ABW in 2011.

The FIR has been filed by the ABW Verona Hills Flat buyers Association through their counsels Ashwarya Sinha and Priyanka Sinha.

In their complaint home buyers have stated that the builder has not taken environment clearance and NOC for the project and has illegally siphoned off the money that they have submitted till date.

“Most of the home buyers booked the flat in 2011, when the project was pre-launched. However the project has not been completed till date,” said Pawan Virmani, vice president of the flat buyers association in the FIR.

ABW Infrastructure has projects spread across the National Capital Region. According to company’s website, it has completed township ABW Aditya Niketan, and four mixed use commercial complexes, ABW Tower at IFFCO Chowk, Gurgaon, Corporate Suites at MG Road, Gurgaon, Rectangle 1 at Saket and Elegance Tower at Jasola.

Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.